From The Motley Fool · Stefon Walters · · 40s
How Much to Invest in SCHD for $1,000 Monthly Dividends
Invest $390,000 in SCHD to earn $1,000 monthly dividends.
In brief
Invest $390,000 in SCHD to earn $1,000 monthly dividends. Investing $390,000 in Schwab U.S. Dividend Equity ETF (SCHD) generates $1,000 monthly dividends at a 3.08% yield. Originally reported by The Motley Fool.
How $1,000 Monthly is Possible
To reach $1,000 monthly, you need $12,000 annual income from SCHD.
Current Yield and Investment Needed
At $34.21 share price with 3.08% yield, $390,000 investment generates $12,000 annually.
Reinvesting Dividends
Dividend reinvestment plans automatically buy more shares, increasing future income.
SCHD's Dividend Growth
SCHD has doubled its quarterly payout over the past decade with consistent growth.
The one thing
Investing $390,000 in Schwab U.S. Dividend Equity ETF (SCHD) generates $1,000 monthly dividends at a 3.08% yield.
